Wayfair (W) shares plunged around 5% in pre-market trading on Thursday, despite the online home furnishings retailer reporting better-than-expected revenue for the fourth quarter of 2024. The stock's pre-market selloff came after Wayfair posted an adjusted loss of $0.25 per share for Q4, far wider than analysts' expectations of just a $0.01 loss.
Specifically, Wayfair reported Q4 2024 revenue of $3.1 billion, edging past the $3.07 billion consensus estimate. However, the company's adjusted net loss for the quarter ballooned to $0.25 per share from a loss of $0.11 per share in the year-ago period, significantly missing Wall Street projections.
While Wayfair's revenue growth was a positive, analysts on Wall Street appeared more concerned with the larger-than-anticipated quarterly losses. The wider Q4 loss likely reflected ongoing pressure on profit margins amid persistently high costs. Some analysts also expressed disappointment with Wayfair's lack of specific earnings guidance for 2025, citing continued uncertainty around the economic outlook.
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